East Africa Exchange (EAX) is a commodity exchange

FAQ

What is East Africa Exchange (EAX)?

East Africa Exchange (EAX) is a regional agricultural commodities exchange. It is a virtual market place that links buyers and sellers of agricultural commodities such as Maize, Beans, Sorghum, Paddy Rice and Soya while further providing price transparency, commodity quality and quantity, and prompt settlement and clearance.

When was EAX established?

EAX was established in 2013, primarily to link small holder farmers in Rwanda and the East African community countries to markets and financial services.

What type of company is EAX?

EAX is a private company that works very closely with the Government of Rwanda, other private sector companies, and Government institutions in Rwanda and the East African Community countries (Uganda, Kenya, etc).

Where is EAX located?

EAX headquarters is based in Kigali, Rwanda but has branches in Kenya and Uganda. It plans to open new branches in Tanzania, Burundi, South Sudan and Democratic Republic of Congo (DRC) in the near future.

What Commodities does EAX trade?

EAX trades agricultural commodities such as: Maize, Beans, Soya, Wheat, Sorghum, Paddy rice. The exchange also has the capacity to facilitate the trade of other commodities such as minerals, energy, timber and is continously carrying out research into different value chains.

What are EAX products and services?

Storage and collateral management : EAX operates an integrated network of certified warehouses in different parts of its countries of operations that offer storage and collateral management services for grains including weighing, and re-bagging . Currrently, the exchange has warehouses in, Rwanda: Gicumbi, Kayonza, Nyanza, Musanze, Kigali, Rwamagana, Bugesera, Karongi; in Kenya: Eldoret with plans to establish warehouses in Kitale and Nairobi.

Value-addition services: EAX warehouses are also equiped to provide grading, drying, cleaning and fumigation services to stakeholders at its warehouses.

Electronic Warehouse Receipts (EWRs): An EWR is issued against commodity stored at any of our warehouses. The EWR enables the farmer/ farmer cooperative/ depositors to sell their commodity from its location and further use it as security to access financing from the exchange member banks.

Nasdaq- OMX Electronic Trading Platform: EAX has invested in the world class platform which is also used by over 25 exchanges in the world. The platform provides a virtual market place, linking buyers and sellers and is accesible from any location.